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The Brazilian regional development funds and economic growth: A spatial panel approach

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  • Túlio A. Cravo
  • Guilherme Mendes Resende

Abstract

The regional development policy in Brazil materializes mainly in the regional development funds for the north-east (FNE), the north (FNO), and the centre-west (FCO), in which more than EUR36 billion was invested between 2004 and 2010. This paper examines the economic effect of these regional development funds using for the first time a unique and recent data provided by Brazil's government. The study uses spatial panel models and different spatial scales of municipalities and micro-regions to analyse the effect of development funds on regional GDP per capita growth during 2004-10.

Suggested Citation

  • Túlio A. Cravo & Guilherme Mendes Resende, 2015. "The Brazilian regional development funds and economic growth: A spatial panel approach," WIDER Working Paper Series wp-2015-118, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2015-118
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    References listed on IDEAS

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